date:Apr 18, 2014
ountries have also seen cancellations. International prices are being depressed and some rising fears over Chinas economy are also being mentioned by reporters. Originally, the USDA forecasted that China would import 68 million tons of soybeans in 2013/14 crop year, but now that prediction is sitting at 62 million tonnes.
Chinas corn production is rebuilding and is estimated to hit record tonnes for the next 2 crop years. Imports will likely be reduced and government grain reserves will be repl